New York (CNN Business)In a year when the Dow Jones Industrial Average has risen almost 20%, shattering one record after another, some newly public companies have been left in the cold. Uber (UBER), Lyft (LYFT) and Slack (WORK) all struggled due to questions about when (or if?) they will turn a profit. Beyond Meat (BYND) and Peloton (PTON) have endured some growing pains, too. WeWork blew up before even making it to Wall Street. Will the Class of 2020 fare any better? The market is clearly looking to Airbnb, which is likely to be the most prominent unicorn to go public next year. “Airbnb wil be next year’s Uber. The attention, hopes and dreams will all be put on them,” said James Gellert, chairman and CEO of RapidRatings, a research firm that analyzes the financial health of companies. But Gellert thinks Airbnb should fare better than Uber because it has stronger fundamentals and less competition. Investors are also betting that food delivery service Postmates, trading app Robinhood and mattress seller Casper could make waves if they debut on Wall Street. Read More Peloton plunges after investor says the stock is worth only $5 “2020 could be a good year for… Read full this story
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